StockNews.com began coverage on shares of FreightCar America (NASDAQ:RAIL – Free Report) in a report issued on Friday. The firm issued a hold rating on the transportation company’s stock.
Separately, Noble Financial upgraded FreightCar America to a strong-buy rating in a report on Friday, June 28th.
Check Out Our Latest Stock Analysis on RAIL
FreightCar America Price Performance
FreightCar America (NASDAQ:RAIL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The transportation company reported $0.02 earnings per share for the quarter. The company had revenue of $161.06 million for the quarter. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. On average, analysts predict that FreightCar America will post 0.2 EPS for the current fiscal year.
Institutional Trading of FreightCar America
An institutional investor recently raised its position in FreightCar America stock. Vanguard Group Inc. boosted its stake in shares of FreightCar America, Inc. (NASDAQ:RAIL – Free Report) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,292 shares of the transportation company’s stock after buying an additional 26,412 shares during the quarter. Vanguard Group Inc. owned 3.19% of FreightCar America worth $2,250,000 as of its most recent SEC filing. 31.96% of the stock is currently owned by hedge funds and other institutional investors.
About FreightCar America
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
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